SNOW Options History — March 2023

In March 2023, SNOW traded between $131.21 and $155.23. ATM implied volatility averaged 54.9%, placing in the 5.1% IV rank vs the trailing year. The 30-day expected move averaged 15.7%. IV traded below realized volatility by 9.7% (HV 20d: 64.5%). Max pain ranged from $145.00 to $155.00. Net GEX was positive for 8 of 23 trading days. Term structure was in contango for 14 of 23 days. Put/call ratio averaged 0.78.

Notable Days

  • 2023-03-02: Highest Volume — 249,465 contracts
  • 2023-03-02: Largest IV drop — 18.9% change
  • 2023-03-01: Highest IV Rank — 19.2%
  • 2023-03-01: Largest Expected Move — 22.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$139.76$131.21$155.23$155.23$152.91
Max Pain$148.70$145.00$155.00$155.00$145.00
ATM IV54.9%51.3%67.1%67.1%51.3%
Expected Move15.7%14.2%22.1%22.1%14.2%
HV 20d64.5%44.5%75.2%66.8%49.8%
HV 60d64.2%61.8%66.8%61.8%64.9%
IV Rank5.1%0.0%19.2%19.2%0.0%
IV Percentile3.7%0.0%29.4%29.4%0.0%
Term Structure0.3%-1.7%1.8%-0.8%1.3%
VWIV55.1%49.9%77.7%77.7%51.4%
Skew 25d5.4%3.2%7.3%4.3%4.5%
Skew 10d10.3%6.6%13.7%8.4%8.5%
Call IV 25d52.5%48.9%65.2%65.2%48.9%
Put IV 25d57.9%53.2%69.5%69.5%53.4%
Bid-Ask Spread %3.712.286.576.333.15
Gamma HHI0.050.030.120.050.05
Net GEX-2.2M-23.5M17.5M3.7M17.5M
Net DEX130.0M-636.2M585.4M-137.0M-636.2M
Net VEX-5.7M-6.4M-4.9M-6.1M-6.4M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.780.481.410.910.50
Total Volume63,040.39126,465249,46574,855140,909
Total OI331,754.913280,483393,583296,477339,651

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-03-01$155.23$155.0067.1%22.1%66.8%19.2%77.7%4.3%-0.8%3.7M-137.0M-6.1M0.916.33N/AN/A39,16735,688156,277140,200
2023-03-02$137.00$155.0054.4%15.9%75.2%0.0%55.9%4.5%-1.0%-23.5M585.4M-4.9M0.863.31N/AN/A133,788115,677174,445162,617
2023-03-03$141.70$150.0051.5%15.0%72.9%0.0%53.0%3.5%-0.6%101.9K82.9M-5.6M0.966.31N/AN/A66,97664,149206,243187,340
2023-03-06$142.94$150.0051.4%14.6%69.4%0.0%51.3%3.5%0.1%-2.7M93.7M-5.6M0.742.41N/AN/A24,30317,995167,757160,986
2023-03-07$142.13$150.0051.9%14.9%68.2%0.9%52.3%3.4%0.1%-4.2M124.6M-5.6M0.992.28N/AN/A17,56917,369172,679165,308
2023-03-08$142.80$150.0051.5%14.5%67.7%0.1%52.0%3.2%0.0%-3.3M101.0M-5.6M0.942.74N/AN/A17,03615,934176,866168,765
2023-03-09$136.19$150.0053.7%15.3%69.3%3.7%53.9%4.3%0.1%-12.6M374.1M-5.3M1.133.56N/AN/A23,14326,083180,735171,620
2023-03-10$131.21$150.0057.3%16.2%68.9%9.4%56.0%5.2%-0.4%-21.8M573.2M-5.0M1.414.13N/AN/A42,42859,785184,492172,891
2023-03-13$138.37$150.0059.3%16.6%71.6%12.6%58.1%6.2%-1.7%-6.4M255.8M-5.8M0.653.66N/AN/A30,90420,053168,111167,800
2023-03-14$138.62$150.0056.9%16.1%70.0%8.8%54.7%7.2%-0.6%-4.8M238.8M-5.8M0.933.82N/AN/A25,93124,004176,373171,208
2023-03-15$139.24$150.0057.7%16.4%65.9%10.1%58.3%6.6%-0.9%-747.7K149.2M-5.8M0.973.66N/AN/A16,70216,123181,358169,303
2023-03-16$138.89$150.0054.6%15.5%65.2%5.1%54.7%6.1%-0.7%-170.1K168.0M-5.6M0.483.28N/AN/A30,43014,489184,091171,116
2023-03-17$135.22$150.0058.0%16.6%62.7%10.5%57.8%7.3%-0.3%-10.2M299.3M-5.6M0.812.73N/AN/A25,34420,549191,910171,039
2023-03-20$134.64$150.0055.7%15.9%59.0%6.9%55.2%6.6%0.7%-3.3M202.7M-5.5M0.692.87N/AN/A15,62710,838143,758136,725
2023-03-21$141.72$150.0052.6%15.1%62.4%2.0%53.2%5.9%1.3%5.4M-35.5M-5.8M0.713.01N/AN/A23,09216,309149,849141,031
2023-03-22$137.22$145.0053.4%15.3%63.2%3.3%53.4%6.2%0.7%1.7M108.5M-5.7M0.674.70N/AN/A21,47714,382156,251146,617
2023-03-23$140.59$145.0056.0%16.0%63.9%7.3%56.8%5.8%1.7%9.8M-36.7M-6.1M0.603.01N/AN/A38,72623,207164,135151,874
2023-03-24$137.06$145.0055.8%15.8%63.6%7.0%55.6%6.1%1.7%-6.1M121.5M-5.9M0.606.57N/AN/A30,41118,298171,011158,594
2023-03-27$135.84$145.0054.5%15.2%61.4%5.0%53.7%6.3%1.3%-2.3M169.2M-5.7M0.664.55N/AN/A19,26712,802155,890146,920
2023-03-28$135.34$145.0053.5%14.8%61.4%3.4%51.8%6.3%1.8%-2.9M189.9M-5.7M0.594.40N/AN/A16,97610,099163,345152,010
2023-03-29$137.30$145.0051.7%14.2%61.5%0.6%50.1%5.8%1.4%857.5K115.4M-5.7M0.642.41N/AN/A20,26813,050167,667155,139
2023-03-30$142.31$145.0051.6%14.2%44.5%0.4%49.9%4.9%1.6%14.9M-117.2M-6.0M0.622.46N/AN/A38,67923,893170,729157,637
2023-03-31$152.91$145.0051.3%14.2%49.8%0.0%51.4%4.5%1.3%17.5M-636.2M-6.4M0.503.15N/AN/A93,97746,932178,013161,638